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The Great South Bay 1.8.2014

The Great South Bay may have stilled its’ waters and embraced the deep freeze but real estate is still moving! I have 4 appointments already set up for this weekend! Looking for a house? Thinking about selling? The cold doesn’t stop us so don’t let it stop you! Give me a call I have on my Realtor boots!

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I am a firm believer in practicing what I preach!  On that note, I thought I would share with you what we accomplished yesterday, on Mothers Day!  I know, most women spend time being pampered.  Time is limited for us these days so I chose to spend my day working hard with my family.  We ripped down the wooden fence that was damaged during Superstorm Sandy and we also removed the kids huge wooden swing set that had also seen better days since Sandy.  We still have a ton left to do, power washing, deck finishing, landscaping, grass seed as well as some remaining construction but we are well on our way.  It is a work in progress for us, it always has been, but at least we are progressing forward these days and not regressing!

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Power Washed DeckIt is amazing what the simple act of cleaning up outdoors can add to your selling value.  Buyers make snap judgements all the time.  They  look at how a home is maintained inside as well as outside.  Keep your outside well maintained this Spring to make sure all the potential buyers that do a “drive by” first see your home at it’s best.  Keep in mind that a drive by in our neck of the woods may also be by boat, not just by car in the front of your house…make sure your decks are well maintained.  There are fantastic stains available at your local hardware stores.  Keep it simple and neutral when picking your color choice.  Grab a power washer and clean off the walkways, your siding, and anything else that has the grime from the past seasons laying on it!  After it is cleaned up, treat your wooden decks with a one coat sealant available in so many different options.  Buyers will believe that your home is just as immaculately maintained inside as well as outside and we can’t sell your house unless we get the potential buyer to step inside….

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There is a tremendous amount of activity these days in the real estate market here in the friendly bay village.  I am going to give you the scoop on what is means when you read the words “as is” on homes for sale today by the bay…

“As Is” is a term that has always been used in the real estate industry.  In past years it may represent a home in disrepair, without appliances, possibly fire damage, or any other condition that is not typical.  It is almost akin to what you see is what you get. The owners will not be negotiating anything that a potential buyer may want and that the house is simply “as is”.  It may be a simple broken dishwasher that is “as is” or a wooden attached deck that is falling apart that is “as is”.  The term is broad in its scope.

Unfortunately in the aftermath of Superstorm Sandy most of these “as is” homes refer to water damaged homes.  Some may have been remediated completely, some may have nothing done to them at all.    There may be mold, the house may be totally gutted down to the studs, or some repairs may be started.  Each home will be in a different state but the most important thing to remember is if the listing states “as is” there is to be no negotiations for things that a buyer may want.  It is up to the buyer to put back the sheet rock, fix the electrical system or purchase appliances.  Every situation will be different and buyers should be well-educated in the costs to bring these homes up to current building codes.  This leads us in the financing of purchasing homes in these conditions.

Many “as is” homes are being sold for cash.  Investors are seizing this opportunity to purchase lower valued homes and then fix them up.  Some may plan to rent for a few years as the market continues its recovery while others may fix and immediately flip it back onto the market.  Other progressive home buyers are purchasing the home of their dreams even if there is no sheet rock.  There are loan programs such as a 203K loan which will incorporate the construction repair costs into the loan and they will in essence re-build the house as part of their mortgage agreement.  This program allows a home buyer to purchase a house much cheaper than they would have been able to afford and then pick out the bathrooms and kitchens of their dreams.  The bank will have some limitations in place and of course help oversee the process to make sure the appropriate equity is invested into the home but it is a fantastic solution to rebuilding the neighborhood.

I will warn you that buying an “as is” home is not for the faint hearted.  There is a lot to consider and tons of research to be done to ensure all repairs are up to current building codes.  Make sure your realtor knows what to look for…or you can just call me and I will be happy to help!

Oh yes..one last thing…these homes can not be considered a fair comp when appraisals are performed…but that is a story for another day.

~Jenn

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“As Is” is the description of the week. Lean more as I post what the effects of Sandy is doing to our real estate market here in Long Island. Worried that the house down the street from you flooded and was sold dirt cheap? Follow me and learn why this will not impact your home value in the next year when you are looking to sell.

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It is never too early to start preparation for a possible storm. With that please send out a message to members asking them to please start some preparation for the possibility of some bad weather heading our way. Attached is a NOAA hurricane map that shows the possible track over our area. This is not to panic our residents but to give them adequate time to prepare their homes, boats and make a go bag. Please stay tuned to the weather and check the Village web site over the weakened for any Village updates we may give. The Village is starting our preparation for this bad weather event. We urge all residents to sign up for Suffolk County Code Red. This can be done directly from the Village Web page. Amityville.Com then put cursor over Emergency Management and select Suffolk County Code Red. By registering to code red you will be linked to the latest news form Suffolk County Emergency Management. Again we are looking for our residents to stay informed and make some preparations for what looks like some bad weather and possible flooding.

Thank You

Chief Donald J. Dobby Jr.

Amityville Village Police Department

21 Ireland Place

Amityville, NY 11701-2902

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SAVE THE DATE!!!
55th Annual Holiday Homes Tour
The Bay Village Civic Association of the Amityville is proud to present the Friendly Bay Village Holiday Homes Tour, which shall take place on
Saturday, December 1st, 2012 from 12 pm until 4pm.
Seven distinctive and gracious homes in the Incorporated Village of Amityville will be showcased, festively decorated for the holiday season by their owners. The styles and architecture of these Bennett Place homes spans the history of this beautiful Village, all welcoming and worth attention and praise.
Potpourri simmers in the kitchens, live music greets visitors tantalizing the senses and heralding the season. The small Amityville Firehouse near the north end of Bennett Place will be open to sell tickets and crafts, serve mulled cider, and assist patrons.
Local businesses will be offering discounts to Tour patrons in support of the Bay Village Civic Association sponsoring the Tour this year.
Visit St. Mary’s Church, an 1888 historical landmark, in the center of the Village to shop and enjoy complimentary refreshments at the Tea Room in the Parish Hall. There vendors will offer a variety of crafts, ornaments, gifts and home baked confections for sale. Beautiful raffle prizes, donated by local merchants and residents, will be on display to be raffled at 4pm. Winners need not be present. Father Geminder will be available in the church to discuss its history.
Across from St. Mary’s Church, the Amityville Historical Society Lauder Museum a costumed docent will lead a walking tour of the historic area at 3pm. The museum will be open to view holiday vignettes of the past. The Tour will begin at St. Mary’s Church.
At 5pm the Village Tree Lighting Ceremony will take place in the center of the Village at the Triangle.
Tickets for the December 1st Tour will be $25.00 and may be purchased beginning in mid-November at Johnson’s Florist, Bella Maison, Amityville Acupuncture and Wellness, Self Image Salon, and the Lauder Museum. On the day of the Tour only, tickets may also be purchase at any of the homes and at the small Firehouse Annex on Bennett Place during the event after 12pm. Each keepsake ticket contains photos, histories and maps to all of the homes featured on this self-guided Tour. The homes may be visited in any order.
Parking is available at the large municipal lot at the corner of Bennett Pl and Merrick Road. Another large municipal lot is located a few hundred feet north on Broadway (Rt 110) across from the First United Methodist Church. Bennett Place will be for pedestrian traffic only during the Tour.
Visitors to local businesses, St. Mary’s Church, the Lauder Museum and the Tree Lighting may park at the Park Avenue School, running parallel one block west of Rt. 110 from Merrick Rd to the Triangle in the center of the Village.
Proceeds from the Tour will be donated to the renovation of the Amityville Beach Playground. More information may be obtained by emailing HolidayHomesTour@AOL.com or at 631-691-8435 from 8AM – 8PM. Leave message for return call.

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